First Hyatt Place in Washington, DC Opens This Month

Hyatt Hotels Corporation (NYSE: H) and Crescent Hotels and Resorts are pleased to announce the opening of Hyatt Place Washington DC/US Capitol, the first Hyatt Place in Washington, DC.

Washington, DC is a large and vibrant city, filled with restaurants, museums, theaters and entertainment attractions. Our 14-story hotel is located in the northern portion of the NoMa district of Washington, DC, DCs fastest developing neighborhood, with a vibrant mixeduse development that sits just north of, and in view of, the Capitol Building, said Stacy Smith, General Manager. No matter why guests are visiting the area, we are confident that the Hyatt Place DC/US Capitol will exceed guest expectations and provide them with everything they need while away from home.

The hotel is ready to serve the 40,000 employees and 18,000 residents in the NoMa North of Massachusetts Avenue District, providing travelers with approximately 1,600 square feet of meeting space, a signature Hyatt Place dining experience, a large stateoftheart fitness facility, and an outdoor pool and terrace that overlooks the intimate setting along N Street. The hotel is within three blocks of the NoMa-Gallaudet U Metro station (Red Line) and north of the U.S. Capitol, the Smithsonian Institution, Union Station, the White House and Washington DC Convention Center. The hotel is also less than six miles from Georgetown and the National Cathedral.

JBG is excited to enter the growing NoMa submarket with a new brand and state of the art product. We are extremely proud to be the first Hyatt Place in DC. Cooper Carry and our entire design and development team have created a unique design that is setting a new standard of what an urban select service hotel can offer. The custom public space, expanded lobby bar concept and easy access to both the metro and convention center will provide an unmatched DC experience for our guests, said Moina Banerjee, principal, The JBG Companies.

"With the destination appeal of the nations capital and the partnership of a strong brand, the Hyatt Place DC/US Capitol will quickly become a premier location to accommodate tourist and business travelers visiting Washington, DC, said Michael George, CEO & president of Crescent Hotels & Resorts.

HYATT PLACE WASHINGTON DC/US CAPITOL is under the leadership of General Manager Stacy Eacho Smith and Director of Sales Carlington Barnett. In her role, Smith is directly responsible for managing the day-to-day operations of the hotel, including overseeing the hotels 65 associates and ensuring guests encounter the purposeful service for which Hyatt Place is known. Barnett is responsible for providing sales service and support to travelers and meeting planners frequenting the DC area. For more information and inquiries, contact us at 202-289-5599 or visit us at washingtondcuscapitol.place.hyatt.com.

ABOUT HYATT PLACE Launched in 2006, the Hyatt Place brand brings to the upscale select service hotel category the authentic hospitality for which Hyatt is known. Inspired by multitasking travelers 24/7 lifestyle, Hyatt Place combines style with casual hospitality. Featuring spacious guestrooms with the Cozy Corner, free Wi-Fi, the 24/7 Gallery Menu, Coffee to Cocktails Bar, and free hot breakfast with your stay. The Odds & Ends program also has guests covered with items they may have forgot and can buy, borrow or enjoy for free. Specially trained Gallery Hosts are on hand to offer assistance with everything from directions to check-in to a freshly made meal.

Hyatt Place, a brand of Hyatt Hotels Corporation, offers more than 190 locations in the United States, Armenia, Costa Rica, India, Mexico, Puerto Rico and the Netherlands. For Hyatt Place information or to make a reservation, call 1-888-HYATT-HP (888-492-8847) or visit http://www.HyattPlace.com.

ABOUT CRESCENT HOTELS & RESORTS Crescent Hotels & Resorts is a nationally recognized, top-10 independent third-party operator of hotels and resorts. Crescent currently operates over 80 hotels and resorts, with close to 19,000 rooms in 29 states and Canada. Crescent is one of a small group of independent management companies approved to operate hotels under the Marriott, Hilton, Starwood, Hyatt and InterContinental flags. Crescent also operates a collection of legendary independent hotels and resorts. For more information, please visit http://www.chrco.com.

ABOUT THE JBG COMPANIES Headquartered in Chevy Chase, Maryland, The JBG Companies is a private real estate investment firm that develops, owns and manages office, residential, hotel and retail properties. The company has more than $10 billion in assets under management and development in the Washington Metropolitan Area. Since 1960, JBG has been active in the communities where it invests, striving to make a positive impact. More information can be found by visiting the company's website: http://www.JBG.com, or by calling 240.333.3600.

ABOUT HYATT HOTELS CORPORATION Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a proud heritage of making guests feel more than welcome. Thousands of members of the Hyatt family strive to make a difference in the lives of the guests they encounter every day by providing authentic hospitality. The Company's subsidiaries manage, franchise, own and develop hotels and resorts under the Hyatt®, Park Hyatt®, Andaz®, Grand Hyatt®, Hyatt Regency®, Hyatt Place® and Hyatt HouseTM brand names and have locations on six continents. Hyatt Residential Group, Inc., a Hyatt Hotels Corporation subsidiary, develops, operates, markets or licenses Hyatt ResidencesTM and Hyatt Residence ClubTM. As of September 30, 2012, the Company's worldwide portfolio consisted of 496 properties in 45 countries. For more information, please visit http://www.hyatt.com.